From a statement by Gas Natural Fenosa:

Gas Natural Fenosa has sold its interests in electricity distribution companies in Nicaragua

The sale agreement includes holdings in the Nicaraguan companies Disnorte and Dissur for $57.8 million.

The signing ceremony was attended by and had the approval of the Ministers of Finance and Energy and Mines of Nicaragua.

Gas Natural Fenosa signed the sale of its stakes in two Nicaraguan power distribution companies to the Nicaraguan company Melfosur TSK-International, formed by the Spanish companies Melfosur and TSK, amounting to $57.8 million.

More on this topic

Nicaragua Electricity Distributors Merge

October 2013

Distribuidora del Sur will hand over its concession area to Distribuidora del Norte in order to centralize operations and stabilize its finances.

This was announced by the power distributor Melfosur TSK through an advertisement in a newspaper in Nicaragua. " The notice , signed by Antonio Palomares Hernandez in his role as legal representative of the two distributors, says only that Distribuidora del Sur ( Dissur ) has renounced its concession and transferred it to Distribuidora del Norte ( Disnorte ) ", reported Laprensa.com.ni.

Another Potential Buyer for Gas Natural Fenosa

January 2013

MELFOSUR, is another Spanish company that has declared its interest in purchasing Gas Natural Fenosa in Nicaragua. The other potential buyer is TSK Electrónica y Electricidad.

Citing as an information sources from the website of the newspaper Nueva España, El Nuevo Diario reported that the Spanish companies, Montajes Eléctricos y Fomento del Sur (MELFOSUR) and TSK Electrónica y Electricidad are interested in acquiring 84% of the assets of Gas Natural Fenosa the distributor installed in Nicaragua.

Sale of Fenosa’s Assets in Nicaragua Denied

January 2013

While presidential advisor Bayardo Arce announced that the Spanish company has already sold its shares in the distributor Disnorte-Dissur, an industry spokesman has denied it.

Bayardo Arce Castano, economic adviser to the president of Nicaragua, announced yesterday that Gas Natural Fenosa had closed the sale of an 84% stake in Disnorte-Dissur-the remaining 16% belonging to the Nicaraguan state-without disclosing the buyer or the figures in the agreement.

Nicaragua: Gas Natural Fenosa to Sell Distributors

December 2012

An announcement has been made that the Nicaraguan subsidiary of Gas Natural Fenosa will probably sell its shares in the electricity distributors Dissnorte and Dissur.

Three companies are interested in marketing power in Nicaragua, and if an agreement is reached, the energy companies Disnorte-Dissur will have new owners.